Atomic cross-chain trading
From CryptoWiki
Revision as of 20:49, 26 August 2018 by wiki_crypto>Zeb.dyor
The problem of atomic cross-chain trading is one where (at least) two parties, Alice and Bob, own coins in separate cryptocurrencies, and want to exchange them without having to trust a third party (centralized exchange).
A non-atomic trivial solution would have Alice send her Bitcoins to Bob, and then have Bob send another cryptocurrency to Alice - but Bob has the option of going back on his end of the bargain and simply not following through with the protocol, ending up with both Bitcoins and the altcoin.
Solutions are Contracts and nLockTime.
